Fidelity, MFS Funds Lead the Pack

As the Olympics begin in China, our quarterly "ultra" fund family competition has drawn to a close. Here are the second quarter medal-count results for the 425 fund families we track.

In the first of two events in this challenge, investment management firms aim for "ultra" fund family glory by placing as many funds as possible on our quarterly top-200 list of open-end funds. This list is being published in section III of our Summer 2008 edition of TheStreet.com Ratings Guide to Stock Mutual Funds.

For the fourth quarter in a row, the same two families finished atop the pack with the most mutual funds in the top 200. Fidelity added another nine funds to the list over last quarter, for a total of 27 gold medal spots -- one medal for each fund on top-200 list. Vanguard came back with 10 gold medals. This effort was equaled by American Century Investments, with 10 funds on the top-200 list.

The fourth and fifth spots repeat from the first quarter. ING Investments, a unit of ING Groep(ING Quote) is awarded eight silver medals, and Ivy/Waddell & Reed(WDR Quote) wins seven 'ultra' fund family silver medals. ...